Full details, such as engine horsepower, have not yet been revealed but the 2012 500 Abarth will be powered by an all-new 1.4-liter MultiAir Turbo engine. It will feature Abarth-tuned suspension and brake systems, a race-inspired design and, according to Fiat, technology features not traditionally included on a small car.

Historically, Abarth-tuned Fiats have had tremendous success on European roadways and racetracks. Fiat says the 500 Abarth is designed for track-day enthusiasts and driving-purists who want the ultimate high-performance small car with the pedigree of an exclusive Italian exotic. In many ways one can compare the history of Fiat and its Abarth cars with the similar history and success of Mini with Cooper. Now it looks like the Mini Cooper will finally have some direct competition in this country, which is great news for all of us who love driving small high-performance cars.

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